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Dividend information

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Dividend policy and dividend growth program

TELUS announced its intention to target ongoing semi-annual dividend increases, with the annual increase

in the range of 7 to 10% from 2017 through to the end of 2019. This announcement further

extends TELUS’ multi-year dividend growth program originally announced in May 2011 and initially extended

in May 2013 and provides investors with ongoing clarity with respect to TELUS’ dividend growth model.

 

Notwithstanding this target, dividend decisions will continue to be subject to our Board’s assessment and the

determination of our financial situation and outlook on a quarterly basis. Our long-term dividend payout ratio

guideline is 65 to 75 per cent of prospective net earnings. There can be no assurance that we will maintain a

dividend growth program through 2019.

Recent dividend history

In August 2016, the TELUS Board of Directors has declared a quarterly dividend of 46 cents ($0.46) Canadian per share on the issued and outstanding Common Shares of the Company payable on October 3, 2016 to holders of record at the close of business on September 9, 2016.

 

This third quarter dividend represents a four cent increase from the $0.42 quarterly dividend paid on October 1, 2015.

 



Record DatePayment DateAmount
Q3-16September 9, 2016October 3, 2016$0.46
Q2-16June 10, 2016July 4, 2016$0.46
Q1-16March 11, 2016April 1, 2016$0.44
Q4-15December 11, 2015January 4, 2016$0.44
Q3-15September 10, 2015October 1, 2015$0.42
Q2-15June 10, 2015July 2, 2015$0.42

 

Eligible dividends

TELUS Corporation ("TELUS") advises that unless stated below, all Common and Non-Voting share quarterly dividends paid since January 2006 are "eligible dividends" as defined by subsection 89(1) of the Income Tax Act. Under this legislation individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable.

Exceptions:

The following portion of Common and Non-voting share dividends paid on April 1, 2007 are eligible dividends.

 


EligibleNot EligibleTotal
Common shares*$0.18625/share$0.00125/share$0.1875/share
Non-Voting shares*$0.18625/share$0.00125/share$0.1875/share

 

* Dividend amounts reflected above have been adjusted for 2-for-1 stock split effective April 16, 2013.

Dividend reinvestment and share purchase plan

Investors may take advantage of automatic dividend reinvestment to acquire additional common shares without fees. Under this feature, eligible shareholders can have their dividends reinvested automatically into additional common shares acquired at market price. Under the dividend reinvestment plan, we currently purchase TELUS common shares on the open market.

 

Additionally, we offer a share purchase feature, which is managed by Computershare Trust Company. Under this feature, eligible shareholders can, on a monthly basis, buy TELUS common shares (maximum $20,000 per calendar year and minimum $100 per transaction) at market price without brokerage commissions or service charges.

 

For complete information about this plan or to enroll, you can download the form or you can view the plan booklet.

 

For historical information on DRISP prices, please download the spreadsheet.

 

Dividend history*

 


Record DatePayment DateAmount
Q3-169-Sept-1603-Oct-16$0.46
Q2-1610-Jun-1604-Jul-16$0.46
Q1-1611-Mar-1601-Apr-16$0.44
Q4-1511-Dec-1504-Jan-16$0.44
Q3-1510-Sept-1501-Oct-15$0.42
Q2-1510-Jun-1502-Jul-15$0.42
Q1-1511-Mar-1501-Apr-15$0.40
Q4-1411-Dec-1402-Jan-15$0.40
Q3-1410-Sep-1401-Oct-14$0.38
Q2-1410-Jun-1402-Jul-14$0.38
Q1-1411-Mar-1401-Apr-14$0.36
Q4-1311-Dec-1302-Jan-14$0.36
Q3-1310-Sep-1301-Oct-13$0.34
Q2-1310-Jun-1302-Jul-13$0.34
Q1-1311-Mar-1301-Apr-13$0.32
Q4-1211-Dec-1202-Jan-13$0.32
Q3-1210-Sep-1201-Oct-12$0.305
Q2-1208-Jun-1203-Jul-12$0.305
Q1-1209-Mar-1202-Apr-12$0.29
Q4-1109-Dec-1103-Jan-12$0.29
Q3-1109-Sep-1103-Oct-11$0.275
Q2-1110-Jun-1104-Jul-11$0.275
Q1-1111-Mar-1101-Apr-11$0.2625
Q4-1010-Dec-1004-Jan-11$0.2625
Q3-1010-Sep-1001-Oct-10$0.25
Q2-1010-Jun-1002-Jul-10$0.25
Q1-1011-Mar-1001-Apr-10$0.2375
Q4-0911-Dec-0904-Jan-10$0.2375
Q3-0910-Sep-0901-Oct-09$0.2375
Q2-0910-Jun-0902-Jul-09$0.2375
Q1-0911-Mar-0901-Apr-09$0.2375
Q4-0811-Dec-0802-Jan-09$0.2375
Q3-0810-Sep-0801-Oct-08$0.225
Q2-0810-Jun-0801-Jul-08$0.225
Q1-0811-Mar-0801-Apr-08$0.225
Q4-0711-Dec-0701-Jan-08$0.225
Q3-0710-Sep-0701-Oct-07$0.1875
Q2-0708-Jun-0701-Jul-07$0.1875
Q1-0709-Mar-0701-Apr-07$0.1875
Q4-0611-Dec-0601-Jan-07$0.1875
Q3-0608-Sep-0601-Oct-06$0.1375
Q2-0609-Jun-0601-Jul-06$0.1375
Q1-0610-Mar-0601-Apr-06$0.1375
Q4-0509-Dec-0501-Jan-06$0.1375
Q3-0509-Sep-0501-Oct-05$0.10
Q2-0510-Jun-0501-Jul-05$0.10
Q1-0511-Mar-0501-Apr-05$0.10
Q4-0410-Dec-0401-Jan-05$0.10
Q3-0410-Sep-0401-Oct-04$0.075
Q2-0410-Jun-0401-Jul-04$0.075
Q1-0411-Mar-0401-Apr-04$0.075
Q4-0311-Dec-0301-Jan-04$0.075
Q3-0310-Sep-0301-Oct-03$0.075
Q2-0310-Jun-0301-Jul-03$0.075
Q1-0311-Mar-0301-Apr-03$0.075
Q4-0211-Dec-0201-Jan-03$0.075
Q3-0210-Sep-0201-Oct-02$0.075
Q2-0210-Jun-0201-Jul-02$0.075
Q1-0211-Mar-0201-Apr-02$0.075
Q4-0111-Dec-0101-Jan-02$0.075
Q3-0110-Sep-0101-Oct-01$0.175
Q2-0108-Jun-0101-Jul-01$0.175
Q1-0109-Mar-0101-Apr-01$0.175
Q4-0011-Dec-0001-Jan-01$0.175
Q3-0008-Sep-0001-Oct-00$0.175
Q2-0009-Jun-0001-Jul-00$0.175
Q1-0010-Mar-0001-Apr-00$0.175
Q4-9910-Dec-9901-Jan-00$0.175
Q3-9910-Sep-9901-Oct-99$0.175
Q2-9910-Jun-9901-Jul-99$0.175
Q1-9911-Mar-9901-Apr-99$0.175

 

* Dividend payments prior to the July 2, 2013 dividend payment adjusted for 2-for-1 stock split effective April 16, 2013.

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